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east. also, mitt romney talking aid, trade and more drilling dn on foreign policy. we're going to hear what he's saying. and the news many homeowners have been waiting for years to hear. i'm wolf blitzer. you're in "the situation room." >>> a brief break from the verbal sparring, the white house race. president obama stepped back in the global spotlight in new york today addressing the united nations assembly. he spoke at length about the turmoil in the middle east touting diplomacy and coalition building as the solution to the crisis to the region that's been vexing his administration. jessica yellin is traling with the president in new york. jessica, give us an update. what did the president say? >> reporter: wolf, when the president spoke here he had two major audiences, a global audience and a domestic audience. voters listening now to foreign policy issues with a new ear and a new eye after this violence in libya. and the president addressing it all just six weeks out from the election. at the united nations, president obama used the world stage to declare. >> the attacks on the c
brooke baldwin, thank you for being with me. mitt romney just finished a speech in pueblo, colorado. let's listen to mitt romney, his voice getting hoarse here, 43 days before the election. mitt romney spinning out a series of campaign promises just moments ago. >> we're going to see more jobs, we're going to see more take home pay. you're going to see your kids when they graduate from high school or graduate from college, they're going to be jobs waiting for them. we're going to make sure all of you who are waiting or living paycheck to paycheck you'll finally be able to save a little bit, put a little aside. you'll be able to go to the movies again, go out to dinner. this is the way it is supposed to be in america. we can do better than this president, i will do better than this president has done for the american people. >> jim acosta there in pueblo, colorado. we heard you, romney's voice starting to crack and it brings to mind bill clinton, before the '92 election, barely, remember barely able to speak. romney is not quite there yet. but we still have six weeks to go and let's
its staff and embassy in libya's capit capital. >>> we just got word mitt romney will have a phone call conversation with benjamin netanyahu and so will president obama. it comes two days after president obama stood before the united nations and warned against a nuclear iran. yesterday, netanyahu underscored iran having a nuclear bomb and shrugged off. he said the world may be months away from the point of no return. >> where should a red line be drawn? a red line should be drawn right here. befo before, before iran completes the second stage of nuclear enrichment necessary to make a bomb. before iran gets to a point where it's a few months away or a few weeks away from amassing enough enriched uranium from making a nuclear weapon. >> mahmoud ahmadinejad accused israel of carrying out a campaign of ethnic cleansing. netanyahu fired back saying the state hood of palestinians cannot be resolved with quotes libelous speeches. >>> it's been 37 years since the body of jimmy hoffa went missing and now it may be found. crews went digging in detroit. this is a live picture. investigators w
obama. >> the battle for the white house zeros in on ohio. >> president obama and mitt romney will be in the same state at the same time. >> no republican has won the white house without winning the buckeye state. >> and ahmadinejad addresses the united nations today. >> israel believes you want to destroy them. you said you want to drive them from the face of the earth. it's a very serious question. >> football fans are still fumes over that botched call. >> the touchdown held around the world. >> some are calling it the worst call in the nfl history since the black eyed peas were asked to sing the super bowl. >> andy williams has died. >>> powerful waves create an intreadble scene in a paddle boat race. >> performance and regulations for self-driving cars. >>> would you say he is frugile or cheap. >> the seahawks were robbed of a win -- actually the packers were robbed. thank you for whoever wrote that. >> allen, you're late. >> i don't care. i had a [ bleep ] night last night. >>> welcome to "cbs this morning" presidential candidates have a busy day ahead in ohio. one of th
some analysts. apple shares are taking a hit. mitt romney fighting back against critics who say he didn't pay his fair share of taxes. we will ask grover norquist, president of americans for tax reform about that very issue in a big interview last night. and union problems are forcing american airlines to cancel over 300 flights over the weekend with more cancellations expected. we have an analyst coming up during this hour of markets now. and it is the top of the hour right now. stocks of course now and every 15 minutes with nicole petallides on the floor of the new york stock exchange. let's talk more and more about apple here. nicole: what's really interesting is what did they actually do? they sold over 5 million iphone 5s this weekend. right? and now they are running out and there are shortages and tim cook is saying being patient. we will get them out as fast as we can. the stock is lower right now. some of the analysts were thinking 8 million would be sold. despite the fact it was more than 5 million, that was a record for apple but didn't meet expectations. over in asia they had
debattleground states. florida, pennsylvania and ohio, where mr. romney is now trailing by ten points. >>> plus this -- >> israel frustrate the that iranian president mahmoud ahmadinejad will address the unja on the holiest of jewish holidays. will his comments ratchet up tensions even higher? live from jerusalem. "newsroom" starts now. >>> and good morning. i'm carol costello. ref rage. a lot of people sayal deba aing ruining the day. it's not just about saving face. it's about saving sunday. >> reporter: in controversy here. the winning touchdown call of the infamous disputed play was by the book. still, nearly everyone is talking trash, from the ladies on "the talk." >> feels unfair, looks unfair it is unfair. >> to republican vice president candidate paul ryan. >> did you watch that packer game last night? >> reporter: to the president of the united states. who says -- i've been saying for months, we've got to get our refs back. oh, mr. president, that is a bipartisan plea. roger goodell, the nfl commission sir trying. now from contracts with the once beloved men in stripes. players yearn f
dowell. where is the miscommunication, romney's strength as a businessman but he's not connecting with voters when it comes to the economy. connell: we will talk about that. then the secretary of state takes on the global elite. clinton says the rich around the world not just here should pay higher taxes. dagen: the co founder of one of america's greatest companies now wants to become a citizen in another country. connell: top of the hour, stocks now and every 15 minutes beginning with nicole pet petallides -- nicole petallides, let's talk about facebook. nicole: over the weekend with facebook on the cover of barron's, with the down arrow, right? $15, certainly just saying it was still too pricy at the current levels, the stock sold off. here it is now gaining about 1/2%. but still for this week alone, down 9%, just in these two trading days, so it shows you that's still under significant pressure. mark zuckerberg of course time it sold off and it was lower was saying buy, double down, you know, pick it up but someone like barry diller and some insiders say well mark zuckerberg is young, his
reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
with victories in 21 states and washington, d.c. mitt romney would win 23 states, which would net him 206 electoral votes. to win, the republican presidential nominee would have to win six swing states, which are still up for grabs. he'd also need president obama to lose in ohio or iowa. the ap has him winning both states right now. also right now, president obama is in nevada preparing for wednesday night's first debate. senator john kerry is playing the role of mitt romney in the debate preps. the president many ka pacampaig night in las vegas. he asked supporters at this virginia high school to keep believing in him. the president does not have any events scheduled for today so he can focus on preparing for wednesday night. mitt romney is hoping the debate gives the presidential nominee a much needed boost. a supporter calls wednesday night the restart of this campaign. romney will hold a rally tonight in denver where the debate will take place. >>> nationals get another shot to clinch a division title today. this time they'll be able to do it in front of the d.c. faithful. the nats co
it is monday, september 24, 2012. welcome to cbs "this morning." mitt romney starts a new push in battle ground states and tells cbs news that his 14% tax rate is fair. >> have researchers found a road map to cure breast cancer. we'll ask a leading surgeon. >> arnold schwarzenegger opens up to "60 minutes" about family and politics. we'll talk with lesley stahl about that. "homeland" and "modern family" win big at the emmys. >> we begin this morning with today's eye opener, your world in 90 seconds. úú economic freedom that built this economy in the first place. >> can you win this thing? >> i'm is going to win this thing. >> mitt romney tries to get back on message. >> responding to his critics romney promises to spend more time with voters and less time raising money. >> this is a campaign running out of time. we have 45 face left. giving anybody 45 face they can change everything. >> three dozen major wildfires are burning in nine states. two fires broke you want in southern california sending residents running. >> just grabbed what we could. >> the emmy goes to "homeland.
for the white house zeros in on ohio. >> both president obama and mitt romney will be in the same state at the same time. >> no republican has won the white house without winning the buckeye state. >> o.h. >> o.h. works every time. >> iranian president mahmoud ahmadinejad addresses the united nations today as he and his regime face ever increasing international pressure. >> israel believes you want to destroy them. you said you want to drive them from the face of the earth. >> football fans are fuming over that botched call by replacement refs. the upheld that call. >> yeah. some are calling it the worse call in the nfl history since d to play at the super bowl. >> worst touchdown ever. hail the size of tennis balls. >> the paddle boat race that teams are still talking about. >> how about a car without a driver. governor jerry brown instituted safety regulations for self-driving car. >> it came courtesy. >> is he frugal or cheap? >> cheap. >> wow. >> all that matters. >> seattle seahawks were robbed of a win. >> the packers got the win. >> i didn't watch the game. >> thank you very muc
in cnbc's exclusive all-american survey today. mitt romney edges the president on who will be better to curb out debt and deficit. but the president is ahead on who's better to get the economy back on track. steve liesman is here with the disconnect. >> we've been puzzling over this all day. i want to show you the results we have from our national survey of 800 americans. take a look on the economy. who would be better over the next four years. first of all, we asked people, are you better or worse with compared to the last four years? no question here. 55 to 27 definitively, things are worse. what about who's better over the next four years? obama beats romney by nine point. that's more than other surveys out there. caution here, weak survey. other surveys more interested in the political side. they survey registered and likely voters. how about jobs? six to two, worse on jobs. who's better? obama wins. the one place where romney wins is as maria said, on the next one, on the deficit. overwhelmingly, people think the deficit is worse than it was four years ago. they're right. they s
-founder and romney supporter tom stemberg. no one understands the swing state of ohio better than senator rob portman. he'll be joining us from cincinnati. but before we get to all this, and believe me, this is a lot to get on today, let's get you up to speed on this morning's other top headlines with andrew. welcome back. >> thanks. we haven't even talked about football, but i hope we get a chance to. china central bank reportedly injecting 57.9 billion into money markets. regulators are struggling to maintain liquidity without the injection. speaking of china, the country's largest listed steel maker has suspended output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing t
, a presidential candidate, a mitt romney surrogate and a "squawk box" guest. now he's the new head of the financial services round table. tim pawlenty will be joining us live at #:00 a.m. and the emmy awards, homeland winning for best raw made, modern family with best comedy. before we get to all of this, let's get you up to speed on all of the top stories. >> i was very happy about homeland last night. i know joe was i imagine, too, since we're both -- i think you're a homeland watcher, as well, right? >> no. i've seen the first couple of episodes. i don't -- no. >> jimmy kimmel did a nice job with it. let's get you caught up on the headlines. major supplier, foxconn, suspended production at a factory in china after a brawl by as many as 2,000 employees at a dormitory injured 40 people. the cause of the fight is under investigation. the taiwanese owned company declining to say whether this particular factory is involved in iphone production. apple and foxconn have been working together to improve labor conditions and raise wages there. foxconn makes components also for dell and he
and the first-ever es hybrid. this is the pursuit of perfection. >>> finally mitt romney has something to feel good about. paychecks gives a specific read about hiring in america. i don't want to be glib here, but last night they are facing a tough environment but the quarter wasn't terrible. revenues came in light. i thought that was the important key metric. however, the growth here seems to be decelerating. we need to get a handle on the growth situation. >> i red three these various downgrades, it seems like they thought their pay roll numbers were this number that we cared so much about which was the actual 2.2% revenue number and suddenly it didn't matter. >> we thought it was a good start to the year for us. >> what do you think was more of a headwind for you? >> well, i think it is about new business start-ups. we think that is going to be new business start-ups now. >> this is a terrific performer. the analysts who are negative. p payroll service revenues were plus one percent. >> we expected this. timing of this, we feel clients are hiring and we feel there are positive signs. and we
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as a basis for peace in our world. >> next wednesday, october 3rd, mitt romney and president obama meet in their first presidential debate moderated by jim lehrer of the "newshour" from the university of denver. watch and engage with c-span including our live debate preview at 7 p.m. eastern, the debate at 9, and of after the debate your reaction, calls, e-mails and tweets. follow us on c-span, c-span radio and online at c-span.org. >> next, three former obama administration pentagon officials defend the president's foreign policy and national security record while criticizing mitt romney. moderated by former cnn, cnn contributor bill schneider, the discussion focuses largely on iran's nuclear program and america's presence in afghanistan. this event, which took place yesterday, runs about an hour, and we'll show you as of this as we can until the pentagon briefing scheduled at 2 p.m. eastern. >> struggling in, and you're encouraged to help yourself to coffee, food, whatever you need. my name's mike bennett, on behalf of my colleagues, jim kessler -- who's here somewhere -- sean gibbons
in china. >>> mitt romney's energy plan for drilling and mining on public lands will create millions of jobs and bring millions for state revenue. so who should be in control, the state or the feds? we'll be discussing that, coming up next. ♪ . i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. thank you, mr. speaker, uh,ice businmemb
romney/derian tax plan could call to an end to long for a standing tax codes items. rich edson joins me now with who wins and who loses with the proposed plan. rich: democrats claim this will hit the middle class and cut taxes for wealthy americans. a fox business exclusive republican candidate paul ryan says wealthy americans like mitt romney will pay more. >> here's how it works. higher income people can use lots of tax shelters to shelter their income from taxation. close those tax shelters and more income is subject to taxation which allow us to lower tax rates for everybody. rich: some families and businesses will pay more because there will be fewer deductions. others will pay less with lower rates and in theory it balances out. for who is paying more or less we don't have those details from the romney campaign. they refuse to say how much the deductions they have to curb or even many to accomplish their goal. a senate source tells us the supercommittee discussed a rate cut and preliminary assumption show the cost of $1 trillion over ten years. congress has not officially run thos
the president and mitt romney agree on -- education reform. the details of their plans coming up next. >>> and a little riot with big consequences. the video just surfacing now of a fight at the apple product factory in china. >>> and did you hear what happened during monday night football? why it's more than just wins and money on the line here. we'll tell you about it. >>> and good afternoon. i'm jeff ranieri in the nbc bay area weather center. fog already building back at the coastline right now. and temperatures close to the 50s in san francisco. and plenty of heat in livermore with 85 degrees. if you're headed out to the giants game for tonight, do expect the fog and mid-50s. we're back with the seven-day forecast in minutes. >>> even if you're not a football fan, you might have heard what happened last night. the seemingly botched call on the final play of the game between the seattle seahawks and green bay packers. it clearly appears the packers intercepted the ball and won the game. however, the replacement referees ruled otherwise, saying the seahawks player had control of th
is set for wednesday and president obama and mitt romney have been hard at work practicing. mitt romney sent 8 days getting ready for the debate. mitt romney is spending the next two days in colorado. the president is in nevada. he stopped by a campaign office before heading to his practice sessions with john kerry. there are three debates scheduled. >>> ktvu will air the debate wednesda it begins at 6:00 p.m. president obama and mitt romney will answer questions about domestic policy. ktvu channel 2 news will air after that debate. >>> yahoo's ceo has a big job tonight, she is a new mo marissa mayer delivered a ba boy last night. her tweeabouthe re't al the name marimaplto ta fe a's can clev theifi clinth , a closcall at a of th restaurant, what authorities say about the two people the car it t hbuil. vo: for years, sacramento politicians have chopped away funds for our schools. today, we're forty-seventh out of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight send
to the country with the clear choice. it's a choice election where you decide do you want the romney plan, pro-growth policy, gets people on track, or more of the same four years of president obama, 15% poverty rate, unemployment above 8%, 43 months, 23 million people struggling for work. >> is there something in the polls you have to change about your message? scot walker wants to see more of paul ryan of old on the campaign trail? anything you can specifically -- >> scott is a backer of mine, but what at the final analysis when people see the clear choice, the contrast of the two visions, we'll be fine. you know why? because president obama's not working. he's failed leadership, not tacklinged the debt crisis, crammed through a one size fits all government takeover the health care, taking over the financial services sector with regulations, stifling energy creation with the regulations. he's promising huge tax increases in january. that just gives us more economic malaise. it's the greatest -- >> 47% talk we heard so much about, what is it about the 47%? is it the government? is it a change
us know. >> mitt romney's tax rate was 14% and gave $4 million to charity to boot. did he pay his fair share? tax returns hurting the run for the presidency? the senior economic writer steven moore joins us this hour. >> time for stocks as we do every 15 minutes. nicole is standing by. nicole, stocks going to the downside here. >> that's right. last week, by the end of the week, felt like we went nowhere fast, but today is a clear picture. in the red all dang long. dow is one quarter of 1%. the nasdaq down three quarters of 1%. there is pressure here coming along with a stronger dollar. we had a weaker euroowe. the german business confidence numbers weaker again. that does not bode well. as far as the european picture, but at the same time, we have the business activity index in that rose. i know you'll delve into this, but we're talking about apple's iphone5 selling 5 million units this weekend. that blows it out of the park compared to the prior iphone4 release setting its own record by what we saw this weekend, but there were analysts expecting 8 million sales and 5 million is
. >>> and larry kudlow will give us his take on the president and romney's aappearances on "60 minutes" last night. that's coming up in the next hour. >>> first, though, apple selling millions of iphone 5s over the weekend. jon fortt is live in san jose with what the real number is. there's some disagreement about that this morning. >> reporter: there is. 5 million is the number of iphone 5s when one prominent apple analyst had been looking for 6 million to 10 million. that 5 million compares to 5 million a year to go to the 4s. this doesn't count preordered ich 5s that were shipped but that weren't signed for. if your phone arrived over the weekend but is waiting for you to pick it up, that doesn't count. it doesn't count the 2 m phones ordered the first day but that won't get delivered until today or later. it's too soon to gauge exactly what this means for demand. piper jaffray estimated last week that lines has been 30% longer than they were for the 4s. a couple of other tidbits, the check of about 20 stores over the weekend showed that they were short of iphones. so there might have been quit
one of the roughest couple of weeks, mitt romney's campaign is focused on jump starting the defense and economic message with many republicans pressing him to sharpen his tone. looking to restore confidence in his campaign, a defiantly optimistic mitt romney rallied supporters under the lights in denver late sunday >> i need your help. we have got to stand together. we have got to work together. we're taking back america. we must keep this nation the hope of the earth. >> reporter: earlier romney refused to concede he's an underdog in a series of battleground states and accused the president of distorting his positions. >> i'm did not going to try to fool people into making people think things he doesn't. he's trying to fool people to make them believe i think things that i don't. >> reporter: privately romney and the president have been preparing for the debates, the first here in denver next week, but publicly the two campaigns are trying to lower expectations, even complimenting their opponent's debate skills. for his part on "60 minutes" president obama defended his record, whil
i'm bara this message. ck o romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? we're sitting on a bunch of shale gas. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> it is time! it's time for the "lightning round." are you ready? start the lightning round. going to start with cory in arkansas. cory? >> caller: hey, orange county, but close enough. longtime listener, firs
, on "closing bell." we'll have also romney's biggest donors ahead on "power lunch," so stay tuned. >> that is a cruel tease, robert. i cannot believe you're going to make us wait for "closing bell" until number one. >> what's great is you're going to be surprised who that is. you'll also have a lot of surprises on the republican list. when i did this reporting, i thought i knew who those donors were, but i didn't. so got to stay tuned for later. >> another great tease. robert, good to see you. >>> billionaire boss. the surprising results of new research into the success and failure rates for venture backed start-ups. stick around to see them. >>> also retailers trying to avoid going the way of dinosaur. which stores are most likely to end up on our "squawk on the street" engaged species list. that's straight ahead. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above,
romney's comment comments for you. the president will make two stops in ohio today this is the 15th visit to ohio for both candidates. new polls as mont morning one showing the president with a 10% bandage. the other within 8 percent advantage. >> new this morning park side elementary in san mateo will hold a safety meeting with parents after the attempted abduction abduction of a nine year-old child from campus this week. we're about an hour away from that meeting is expected to start. >> the school starts at age 10 and we expect to see some students and their parents are arriving here shortly. there are some staff members that the party started to arrive at her side elementary. there was an attempted abduction on friday with a suspect was in custody right now. there was a student from our side that was attempted to be affected. the police chief from san mateo decided to call a meeting at 830 to take questions and talk about some new procedures at the elementary school. we had a chance to talk with the assistant superintendent from the school district this morning. she talked about why t
you with us. it's a referendum on taxes but as candidate romney said some months ago down in florida, if 47%, 46% of the households are already paying no taxes, is his message of lower taxes going to resonate with that significant portion of the electorate? >> i actually think that message does resonate. most americans know instinctively higher taxes mean slower growth, fewer jobs. whether you're paying income taxes, everyone has a strong interest in robust economy and a low tax rate is part of that. >> sir, if obama wins re-election, will republicans have to give up on their no tax hike position? >> the question is not really whether they'll give up. no, they don't have to give up. the problem is all the bush tax cuts run out automatically. republicans could vote to extend them unless the president is willing to sign that extension. then they run out. that, by the way, could have happened in 2010. the only reason we were able to avoid it then is the president, i think, wisely decided the economy was too weak and we bargained with him. gave him an extension of unemployment benefits i
, are you looking at different scenarios if the president wins re-election versus a romney win? how are you playing that? >> well, number one, i don't think anybody's going to have a landslide. i think that the possibility of change is going to be very close in terms of the presidency of the house and the senate. it will be interesting. we don't see any gigantic changes. if that's the case, then i think that there will have to be deals made and we'll get back to business. >> all right, david -- >> it's not sustainable. >> right. >> david, how do you disagree with bill? he's got that rosy scenario. you don't. >> i don't. $800 billion bill coming due in the first quarter. it won't be that much. it might be $200 billion. nevertheless, that's going to slow down real u.s. gdp growth from 2% to less than 2% in the first half of 2013. that's going to have an impact on earnings. i might like what's happening on an individual company basis, but this fiscal cliff is simply just not the right remedy for the u.s. economy and profits to grow above expectations. it's all on the back of the fed. we've see
keep working that way into the public discourse. governor romney says president obama has failed to lead the region into a more secure future the president told the united nations that the administration can only go responsibly so far to influence and encourage fledgling democracies. >> just as we can not solve every problem in the world the united states has not and will not seek to dick kate the outcome of democratic transitions abroad. >> speaking at clinton global initiative republican challenger mitt romney said the obama administration is loading control in the middle east. >> a lot of americans, including myself, are developed, excuse me, troubled by developments in the middle east. we somehow feel we're at the mercy of events rather than shaping events. >> there are international disagreements focused on trade with china, with romney charging the administration is soft on chinese trade and currency violationlations. the admin -- administration points out it charged levees on products from china and encourages acting on currency which they say is slowing happening. ashley:
. >> and this is important with romney saying he's not being tough enough on iran. and the papers this morning have a peace symbol. very potent particularly on this day in the jewish calendar. >>> shares of caterpillar are down this morning due to concerns about the global economy. and specifically capital expenditure from commodity producers. what does cat's warning mean for global investors? let's go trade in the globe. tim seymour is joining us from asset management and founder of the mergemoney.com. what does it mean? >> well, if you look at what caterpillar said in 2012, it is different than 2011 when they said the world is a wash in demand. they were concerned about meeting capacity. yesterday they were really saying and pointing squarely at dealers in china and even in latin america where they think there's an inventory overhang they need to work through. the bottom line is they are saying the world is moderately better. that we're going to see somewhat tempered but real global growth. and i think to go out and sell miners here on the back of what caterpillar says is cautious. if you listen to what
chairman reince priebus. why? what a day to have him. mitt romney wrote an op ed. we'll talk about that and the op ed below it that talks about the next battleground, the state labor wars. and then the "santelli exchange," bottom of the hour. what we're going to talk about, to be or not to be. is inflation gestation or inflation on vacation? we'll talk about that and all the issues that involve your money. top and bottom of the hour. mentm and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "squawk on the street." i'm courtney reagan. let's take a look at shares of lane christensen. it's attractive with limited downside because the business itself protects this floor. as you can see
the election, how do you see cybersecurity advancing under a romney administration, and how do you see it advancing under continued obama administration? and what is the government supposed to do, what might happen if they can't get legislation passed? >> i wouldn't put it in a box under each administration. this is an issue that is a significant threat to our nation. is a threat to our financial security. it's a threat to our national security. it's got to be taken seriously regardless of who is in office. ideally what i would like to see is somebody in the white house, in office perhaps, that is responsible for coordinating this across the entire government. as a direct report to the president of the trade. somebody who's got the authority of the president of the united states to make decisions, and to coordinate this across the sectors. there's no single government agency that has the ability, the capacity to respond to this or to work this. people talk about nsa all the time, and general alexander i think is a real patriot is someone who cares about this country and he's got great
. something for candidates romney and obama in today's data. you can imagine romney pounding on the weak growth and obama saying hey, 286,000 more jobs out there and there's also something for bulls and bears but not much anybody from a sober analysis this remains a weak growth economy. melissa? >> thank you very much, steve liesman. >>> and from the u.s. to spain, let's head across the atlantic for more on spain's budget as the country hopes to avoid a bailout. steve sedgwick joins us live with the very latest. steve. >> reporter: yeah, thanks very much, indeed. we just heard literally in the last 20 minutes or so that the press conference, the announcement about this austerity that we've been waiting for all day will now get the conference in around about an hour's time. so all should be revealed about what rajoy intends to do. in the next stage of austerity. because i think the next stage because there's already been at least four bouts of austerity from this government since it came in in december last year. the last was a 2012 budget which we got 64 billion euros worth of austerity
very very close. but romney is going to win it in a close race. >> thank you very much, mike dewine state attorney general, former state for. >>> it doesn't happen very often. it did today. the ceo of the biggest company in the usa said i'm sorry. >>> and you'll never guess where the next victoria's secret underwear store is going. hmm. more power in two. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason you. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... h
an election number. i think that if romney were able to capitalize off something he could capitalize what is obviously a deceleration in the economy and in the election. >> when we come back we're just minutes away from another data point. this is going to be breaking news on consumer sentiment followed by something we've all been waiting for. >>> coming up how many stocks can you talk about and how fast can you do it? see if you can do it better than cramer. six stocks in 60 seconds. when "squawk on the street" returns. ♪ [ male announcer ] introducing a reason to look twice. the entirely new lexus es and the first-ever es hybrid. this is the pursuit of perfection. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when
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